Facebook Linkedin Youtube Rss

Category: Tucson Short Sale Help

Bank of America is Offering Incentives to Customers who complete a Short Sale on their Homes

June 19, 2012

Hey there, I’m Shawn Polston with 520ShortSale.com, from Keller Williams and your Tucson short sale specialist. I wanted to talk to you today about my friends at Bank of America and short sales. Bank of America just released a brand new program. If you have a Bank of America loan and you have been having trouble with your payments or maybe even not, you may be receiving a letter in the mail that looks something like this. I’m putting this out there to just emphasize the importance of opening your mail from your lender because Bank of America has a limited time program that they are going to start paying owners to short sell their homes and giving them between $5,000 and $30,000 worth of relocation assistance. It’s an invitation program; it’s something that you need to receive one of these letters from them. My staff and I also have the ability to check within their system and communicate with them to see if you would in deed qualify for this program.

This is really an amazing thing, we have seen it from a couple of other lenders out there and it’s really a great step on Bank of America’s part to helping their customers and helping their homeowners in need. Also, I just want to get it out there that if you do receive this letter, it is definitely the real thing and this program does exist.

Again, I’m Shawn Polston your Tucson short sale specialist and I encourage you to ask any questions you may have about this program. We are here to help in any way that we can. Please give me a call today or fill out my short sale request form on top of the page and I look forward to speaking with you soon. Thanks and have a great day.

Do You Know Who Owns Your Loan?

June 5, 2012

Hi there, this is Shawn Polston with TucsonShortSaleNegotiator.com and Keller William’s Real Estate in Tucson. I wanted to talk to you today about my friends over at Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac are investors that own loans. You may make your payments to Bank of America, Chase, or some other bank. Whoever you send your payment to, however, is your servicer. There is a distinct possibility that Fannie Mae or Freddie Mac owns your mortgage; no one actually sends their payments to Fannie Mae or Freddie Mac. The servicer collects the payment and then will take a small portion of your mortgage payment and then forward it on to the investor. Why this is important is because if you’re considering a short sale or considering a foreclosure the person that actually does the decision making and establishes the guidelines of how it’s going to happen and when it’s going to happen is either Fannie Mae or Freddie Mac if they own your loan.

There’s an easy way to figure out if either of them owns your loan by looking at their websites online. The reason I’m talking about this is because many people don’t realize that there are mortgage investor and servicer relationships. The servicer doesn’t really have the ability to make a decision on what’s going to happen with the loan whether you’re going to do a loan modification, a short sale, a deed in lieu of foreclosure, etc. It’s actually the investor who owns the mortgage that makes these decisions and I just wanted to get that out there.

Fannie Mae and Freddie Mac own numerous loans and we’ve got a ton of them. We have a very good relationship with both of those companies. If you have a loan with Fannie Mae or Freddie Mac and you have short sale questions or would like to know what the expectation should be, please give me a call or fill out the request form on our website.

What are Some of the Many Areas that the Polston Team Deals with Short Sales?

May 29, 2012

Hi there, I am Shawn Polston with TucsonShortSaleNegotiator.com and Keller Williams Realty. We are one of Tucson’s leading short sale teams. I wanted to talk to you today about short sales and to get the word out there that while we certainly have a very large presence and do a tremendous amount of business in the Tucson area, we are also very, very active in the Tucson area. At any given time we have a bunch of listings down there and we are constantly helping families’ by answering questions and completing short sales on their underwater homes. There is no reason to be miserable in your underwater home. We can help you make the right decision for you and your family.

It is not that uncommon that I should get a call from someone in Tucson wanting to know if we work in their area. Since I have gotten a few calls from this area I thought I would put this out there that yes, absolutely, we are here to help you short sale your home. If you are in the Tucson area, we love to work in that area and we are very familiar with the floor plans and many of the subdivisions

Again, this is Shawn Polston, with one of Tucson’s leading short sale teams and we’re here to help.If you are considering a short sale, I would love to talk to you about your situation and answer any questions you may have about short sales or the short sale process. So feel free to pick up the phone and give me a call today. You can also fill out our short sale request form and we will get back to you as soon as we can. Thanks a lot and I hope you are having a great day.

Stay or Sell?

Crunch the Numbers on Your Home Instantly!
Start Here

What is a Short Sale?

Start Here

About Shawn Polston

Shawn has been a Realtor since 2006. Prior to becoming an agent Shawn and his wife were active real estate investors. Shawn takes his education seriously; he’s taken over 200 hours of continuing education classes, to keep up-to-date on current laws and trends. Shawn is a member of the Arizona Association of Realtors Master of Real Estate Society and a Graduate of the Realtor Institute. He is also a HAFA certified Short Sales and Foreclosure Specialist in addition to being a National Association of Realtors Short Sale and Foreclosure Resource.

More About Shawn

© Polston Results Team – Tucson Short Sale Specialists